DC Field | Value | Language |
---|---|---|
dc.contributor.author | Chang, Sea-Jin | ko |
dc.contributor.author | Shim, Jungwook | ko |
dc.date.accessioned | 2015-11-20T07:19:28Z | - |
dc.date.available | 2015-11-20T07:19:28Z | - |
dc.date.created | 2015-08-10 | - |
dc.date.created | 2015-08-10 | - |
dc.date.issued | 2015-09 | - |
dc.identifier.citation | STRATEGIC MANAGEMENT JOURNAL, v.36, no.9, pp.1297 - 1316 | - |
dc.identifier.issn | 0143-2095 | - |
dc.identifier.uri | http://hdl.handle.net/10203/200609 | - |
dc.description.abstract | Using long-term data on Japanese family firms, this study explores when the transition from family to professional management leads to better performance. In order to avoid endogeneity bias, we employ propensity score matching and difference-in-differences techniques. We find evidence that firms that transition from family to professional CEOs outperform those that maintain family leadership. This performance improvement is more pronounced when (1) families maintain high ownership control but leave no family legacy behind, (2) when the transition moves from non-founder family managers to professionals, and (3) when professional managers graduated from elite universities. | - |
dc.language | English | - |
dc.publisher | WILEY-BLACKWELL | - |
dc.subject | WESTERN-EUROPEAN CORPORATIONS | - |
dc.subject | BEHAVIORAL AGENCY MODEL | - |
dc.subject | SOCIOEMOTIONAL WEALTH | - |
dc.subject | EXECUTIVE SUCCESSION | - |
dc.subject | CEO CHARACTERISTICS | - |
dc.subject | PROPENSITY SCORE | - |
dc.subject | UNITED-STATES | - |
dc.subject | FOUNDER-CEOS | - |
dc.subject | OWNERSHIP | - |
dc.subject | CONSEQUENCES | - |
dc.title | When does transitioning from family to professional management improve firm performance? | - |
dc.type | Article | - |
dc.identifier.wosid | 000358018000002 | - |
dc.identifier.scopusid | 2-s2.0-84947025524 | - |
dc.type.rims | ART | - |
dc.citation.volume | 36 | - |
dc.citation.issue | 9 | - |
dc.citation.beginningpage | 1297 | - |
dc.citation.endingpage | 1316 | - |
dc.citation.publicationname | STRATEGIC MANAGEMENT JOURNAL | - |
dc.identifier.doi | 10.1002/smj.2289 | - |
dc.contributor.localauthor | Chang, Sea-Jin | - |
dc.contributor.nonIdAuthor | Shim, Jungwook | - |
dc.type.journalArticle | Article | - |
dc.subject.keywordAuthor | CEO succession | - |
dc.subject.keywordAuthor | family business | - |
dc.subject.keywordAuthor | behavioral agency model | - |
dc.subject.keywordAuthor | professionalization | - |
dc.subject.keywordAuthor | performance | - |
dc.subject.keywordPlus | WESTERN-EUROPEAN CORPORATIONS | - |
dc.subject.keywordPlus | BEHAVIORAL AGENCY MODEL | - |
dc.subject.keywordPlus | SOCIOEMOTIONAL WEALTH | - |
dc.subject.keywordPlus | EXECUTIVE SUCCESSION | - |
dc.subject.keywordPlus | CEO CHARACTERISTICS | - |
dc.subject.keywordPlus | PROPENSITY SCORE | - |
dc.subject.keywordPlus | UNITED-STATES | - |
dc.subject.keywordPlus | FOUNDER-CEOS | - |
dc.subject.keywordPlus | OWNERSHIP | - |
dc.subject.keywordPlus | CONSEQUENCES | - |
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